Description
This fully occupied 17-unit apartment complex features (17) 2-bedroom, 1-bath units, each offering 725 sq ft of living space. Current gross monthly rental income is $18,461, approximately 25% below market value, presenting strong upside potential. Recent upgrades include a new roof (Feb 2025), fresh paint, new window ACs, and 9 renovated units. Additionally, onsite laundry adds $2,400 in annual income. With consistent cash flow and significant value-add opportunities, this property is a prime investment for both seasoned and new investors. Please do not walk the grounds or disturb tenants; write offers subject to interior inspection.
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34BEDS
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0.61ACRES
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17BATHS
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01/2 BATHS
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12,348SQFT
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$227$/SQFT
School Information
Description
This fully occupied 17-unit apartment complex features (17) 2-bedroom, 1-bath units, each offering 725 sq ft of living space. Current gross monthly rental income is $18,461, approximately 25% below market value, presenting strong upside potential. Recent upgrades include a new roof (Feb 2025), fresh paint, new window ACs, and 9 renovated units. Additionally, onsite laundry adds $2,400 in annual income. With consistent cash flow and significant value-add opportunities, this property is a prime investment for both seasoned and new investors. Please do not walk the grounds or disturb tenants; write offers subject to interior inspection.
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